Standing side by side, top US officials urged their Chinese counterparts on Friday to halt militarization of the disputed South China Sea, drawing a rebuke from the Chinese for sending US warships close to islands claimed by Beijing.

Demonetisation and the Goods and Services Tax (GST) are the two major headwinds that held back India's economic growth last year, former RBI Governor Raghuram Rajan has said, asserting that the current seven per cent growth rate is not enough to meet the country's needs.